On June 6,
2011, Green Bankshares, Inc. (the “Company”) was notified by Steve
L. Droke, the Senior Vice President and Chief Credit Officer of GreenBank, the
Company’s bank subsidiary (the “Bank”), that Mr. Droke
will resign as Senior Vice President and Chief Credit Officer of the Bank
effective June 17, 2011.

2

SIGNATURES

Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.

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